Jul 26, 2011 12:00pm PDT
or sn crab and crab butter shrimp. [ jon i wouldn'tut it my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea fd differently. >> shepard: days before disaster despite the controversy over raising the nation's debt limit something congress has done dozens and dozens of times, 17 times under president reagan, five times ungeorge h.w. bush, four times under clinton, seven times ungeorge w. bush. so what's the difference? -- the difference is that the republicans tie this spending together with it. >> yeah, that's right. >> shepard: they tied two thingsing to. >> they said we have leverage we are going to -- hold it over the president and over our opponents in congress. unless you really cut spending. >> shepard: that's a battle between those who believe we should have this welfare state that we created. that offers social services for those who can't handle themselves or not have it. >> yeah, some would say not a welfare state but a state with a social safety net under it. >> shepard: almost by definition a welfare state. >> you could argue. that is in the crosshai
Jul 27, 2011 12:00pm PDT
our hearty crab and roasted garlic seafood bake or sn crab and crab butter shrimp. [ jon i wouldn'tut it my table at home, i wouldn't bring it in. my name's jon forsythe, and i sea fd differently. >>shepard: breaking news from wall street. look at that, the dow dug is -- is diving today. 1.63 percent on the dow jones industrial average and similar on the s&p. and the nasdaq. you know why? for a long time wall street went, this is no way, no way, no way the lawmakers will flirt with actually defaulting, the united states government defaulting on its debt? we will just not pay you? not pay? we owe you money but we will not pay. by the way, we have to borrow a billion today. we have to borrow a billion. otherwise question not keep doing anything but we will not pay you back. how do you think that will go after that? so, the wall street is realizing the fools in washington could actually let them default on our debt. i will not say they will, but got nothing right now, do we. all running and in circles up there. so, the dow jones industrial average is down 200 points. thank you, the "